Sheridan, WY—82801
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Sheridan, WY
Home Price Trends — Sheridan, WY
As of Oct '25, the median home price in Sheridan, WY is $424,000, with a year-over-year change of 5.5%. This indicates that home prices in Sheridan, WY are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $424,000 | 5.5% |
| Single Family | $427,000 | 4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $247,000 | 6.5% |
2 Bed | $318,000 | 5.6% |
3 Bed | $437,000 | 4.0% |
4 Bed | $544,000 | 3.8% |
| 5 Bed | $691,000 | 2.5% |
% of Housing Stock
Rental Trends — Sheridan, WY
As of July '25, Rentcast reports the average rent in Sheridan, WY is $1,610, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in Sheridan, WY is 1-bedrooms: $1,330, 2-bedrooms: $1,670, 3-bedrooms: $1,960, 4-bedrooms: $1,750. The most common rental property sizes in Sheridan, WY are 2-bedroom and 1-bedroom, accounting for 37.2% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,580 | $1,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,420 | $1,330 |
| 2 Bed Rent | $1,580 | $1,670 |
| 3 Bed Rent | $2,100 | $1,960 |
| 4 Bed Rent | $1,750 | $1,750 |
% of Rental Stock
Property Listings — Sheridan, WY
As of Oct '25, Realtor.com reports that the median days on market for a home in Sheridan, WY is 80. This is a decrease of -35.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | -9.0% |
Listing Count | 196 | 5.0% |
| Listings as % of Homes | 0.7% | 5.0% |
Days on Market | 80 | -35.0% |
Demographics — Sheridan, WY
As of the latest ACS Survey released in 2023, Sheridan, WY has a population of 25,700, which has remained stable by 0.7% over the past 5 years. Sheridan, WY is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 33.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,700 | 0.7% |
% Under 18 | 21.2% | -1.4% |
% Seniors | 20.7% | 8.4% |
% WFH | 5.5% | -31.2% |
% w/ College Degree | 33.5% | 7.7% |
As of the latest ACS Survey released in 2023, Sheridan, WY is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Sheridan, WY is hispanic, making up 5.5% of the population. Foreign-born residents account for 2.2% of the population in Sheridan, WY, and this percentage has decreased by 8.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.3% | -3.2% |
% Black | 0.5% | 0.0% |
% Hispanic | 5.5% | 31.0% |
% Asian | 1.3% | 62.5% |
% Foreign Born | 2.2% | -8.3% |
Mortgage and Risk — Sheridan, WY
According to HUD data as of 2023, there were 419 mortgage originations in Sheridan, WY, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Sheridan, WY. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 419 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Sheridan, WY
Sheridan, WY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 476 |
Total Units Section 8 | 447 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$590 | $1,420 | $830 |
| 2 Bedroom | -$490 | $1,580 | $1,090 |
| 3 Bedroom | -$790 | $2,100 | $1,310 |
| 4 Bedroom | -$50 | $1,750 | $1,700 |
Affordability — Sheridan, WY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $424,000 |
| Median Household Income | $70,300 |